Slide 1: 2Q24 Earnings Release
KT 2Q24 Earnings Release 2024. 8. | Investor Relations
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by KT Corp.(the “Company”) in accordance with K-IFRS. This presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. This presentation is being presented solely for your information and is subject to c
Slide 3: Contents
Contents 1 2Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 4: 2Q24 Highlights
1 2Q24 Highlights Financials (Unit: KRW bn) Cons. Sep. Revenue Revenue 6,546.4bn (YoY +0.0%) 4,548.3bn (YoY +1.4%) Operating Operating * * 494.0bn (YoY -14.3% ) 358.8bn (YoY -12.0% ) Profit Profit *OP(Separate) 423.3bn (YoY +3.9%), OP(Consolidated) 558.4bn (YoY -3.1%) excluding impact of wage negoti
Slide 5: Contents
Contents 1 2Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 6: Consolidated Income Statement
K-IFRS / Consolidated 1 Income Statement • Steady service revenue led by growth of core businesses, offsetting the impact of portfolio restructuring • OP -14.3% YoY with increased labor costs due to early settlement of annual wage negotiation (Unit: KRW bn) 2Q23 1Q24 2Q24 QoQ YoY Operating Revenue 6
Slide 7: Consolidated Operating Expenses
K-IFRS / Consolidated 2 Operating Expenses • Op. expenses +1.4% YoY, with increase in labor cost and general expense, despite decrease in selling expense (Unit: KRW bn) 2Q23 1Q24 2Q24 QoQ YoY Operating Expenses 5,971.4 6,148.1 6,052.4 -1.6% 1.4% 1,131.5 1,100.9 1,213.2 10.2% 7.2% Labor Cost General
Slide 8: Consolidated Balance Sheet
K-IFRS / Consolidated 3 Balance Sheet • Net debt/equity ratio decreased by YoY 11.1%p. (Unit: KRW bn) Jun 30, 2023 Mar 31, 2024 Jun 30, 2024 QoQ YoY 39,756.0 42,710.0 43,144.4 1.0% 8.5% Assets 1,805.5 3,000.7 3,786.7 26.2% 109.7% Cash & Cash equivalents 21,302.3 24,127.8 24,162.5 0.1% 13.4% Liabilit
Slide 9: Separate and major subsidiaries CAPEX
K-IFRS / Separate and major subsidiaries 4 CAPEX • ’24.1H CAPEX Execution: KRW 960.9bn (KT Separate), KRW 374.1 bn (Major Subsidiaries) (Unit: KRW bn) 3,533 3,452 3,319 692 782 907 ■ Major Subsidiaries’ CAPEX Includes Finance, Media, Cloud/IDC, 1,335 2,760 2,721 Real Estate and etc. 2,412 374 ■ KT S
Slide 10: Contents
Contents 1 2Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 11: Separate KT - Wireless
K-IFRS / Separate 1 KT - Wireless • Wireless service revenue +2.7% YoY, with 5G subscribers exceeding 10M(penetration rate 75%) • Enhanced customer service with 5G online-only plans, OTT subscription services, etc. (Unit: KRW bn) 2Q23 1Q24 2Q24 QoQ YoY Wireless 1,722.2 1,736.5 1,765.1 1.6% 2.5% Wire
Slide 12: Separate KT - Fixed Line
K-IFRS / Separate 2 KT - Fixed Line • Broadband revenue +1.0% YoY, due to the increase of GiGA subscribers and value-added services • Media revenue +0.9% YoY, led by increasing premium subscribers (Unit: KRW bn) 2Q23 1Q24 2Q24 QoQ YoY Fixed Line 1,320.7 1,322.4 1,316.6 -0.4% -0.3% Broadband 612.4 62
Slide 13: Separate KT - B2B Services
K-IFRS / Separate 3 KT - B2B Services • B2B Service rev. -1.0% YoY, due to restructuring of low-profit businesses • Pursuing a sustainable portfolio by focusing on profitability and growth of promising businesses (Unit: KRW bn) 2Q23 1Q24 2Q24 QoQ YoY B2B Service 891.2 895.0 882.7 -1.4% -1.0% Real Es
Slide 14: Major Subsidiaries
K-IFRS / Consolidated(each subsidiary) 4 Major Subsidiaries • kt cloud revenue +17.1% YoY, with increased demand for data centers and expansion of DBO* business *DBO(Design-Build-Operate): a project where a single contractor is appointed to design, build and operate a data center for a certain perio
Slide 15: Contents
Contents 1 2Q24 Highlights 2 Financial Highlights 3 Business Overview 4 Appendix
Slide 16: K-IFRS Income Statement
1 K-IFRS Income Statement (Unit: KRW bn) Consolidated 2Q23 3Q23 4Q23 1Q24 2Q24 KT Separate 2Q23 3Q23 4Q23 1Q24 2Q24 Operating revenue 6,547.5 6,697.4 6,687.6 6,654.6 6,546.4 Operating revenue 4,487.4 4,673.0 4,592.0 4,694.8 4,548.3 Service revenue 5,834.4 5,842.5 5,720.2 5,722.7 5,776.6 Service reve
Slide 17: K-IFRS Balance Sheet
2 K-IFRS Balance Sheet (Unit: KRW bn) Consolidated 2Q23 3Q23 4Q23 1Q24 2Q24 KT Separate 2Q23 3Q23 4Q23 1Q24 2Q24 Assets 39,756.0 43,974.8 42,710.0 42,710.0 43,144.4 Assets 29,592.2 30,814.8 30,308.9 30,334.8 30,464.8 Current assets 11,405.7 15,520.6 14,518.2 14,997.4 15,175.2 Current assets 6,172.5
Slide 18: Separate Subscribers
K-IFRS / Separate 3 Subscribers (Unit: Thousands) Wireless Subscribers 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 QoQ YoY Total 24,621 24,903 24,897 24,834 24,904 0.3% 1.1% - MNO 17,643 17,735 17,759 17,743 17,770 0.2% 0.7% - MVNO 6,978 7,168 7,138 7,091 7,134 0.6% 2.2% 1) 5G Handset 9,117 9,408 9,722 9,948 10,0
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